Canara Robeco AMC Launches ₹1,326 Crore IPO, Entirely Offer for Sale by Promoters
Bilkul Bazaar | By Rafat Quadri
Ahmedabad | 08 oct 2025
Canara Robeco Asset Management Company Limited (CRAMC) has announced that its Initial Public Offering (IPO) will open for subscription on Thursday, October 9, 2025, and close on Monday, October 13, 2025. The Anchor Investor bidding will take place on Wednesday, October 8, 2025.
In a media interaction held in Ahmedabad, Rajnish Narula, Managing Director & CEO, Ashwin Purohit, Chief Financial Officer, and Atit Turakhiya, Head – Corporate Development & MIS of Canara Robeco Asset Management Company Limited, along with Prachi Malkan from JM Financials, shared details of the company’s forthcoming IPO.
The IPO is a book-built issue of ₹1,326.13 crore, entirely comprising an Offer for Sale of 4.99 crore equity shares. The price band has been fixed at ₹253 to ₹266 per share, with a lot size of 56 equity shares. Retail investors can apply for a minimum investment of ₹14,896 (56 shares at the upper price band). For non-institutional investors, the small NII category can bid for 14 lots (784 shares) worth ₹2,08,544, while the big NII category can bid for 68 lots (3,808 shares) worth ₹10,12,928. The IPO allotment is expected to be finalized on October 14, 2025, and the shares are likely to be listed on BSE and NSE on October 16, 2025.
The IPO comprises an Offer for Sale (OFS) of up to 49,854,357 equity shares by the promoter selling shareholders, including 25,924,266 shares by Canara Bank and 23,930,091 shares by ORIX Corporation Europe N.V.
(Photo Bilkul Pix)
Speaking at the event, Rajnish Narula, MD & CEO of CRAMC, said,
“This IPO marks a significant milestone in our growth journey. As one of the oldest and most trusted asset management companies in India, we aim to deepen our retail investor base and further strengthen our governance and transparency as a listed entity.”
Ashwin Purohit, CFO, added, “The strong financial fundamentals and consistent performance across our product categories have positioned us well for long-term value creation. The listing will enhance our ability to scale operations and pursue strategic opportunities.”
Atit Turakhiya, Head – Corporate Development & MIS, emphasized the company’s disciplined approach, stating,
“Our focus remains on sustainable growth, robust risk management, and innovation in investment solutions that align with the evolving needs of investors.”
Representing the book running lead managers, Prachi Malkan from JM Financials, commented,
“The Canara Robeco AMC IPO has generated considerable interest among institutional and retail investors. The company’s strong brand equity and parentage make it a compelling opportunity in India’s expanding mutual fund industry.”
The equity shares offered through the Red Herring Prospectus dated October 3, 2025, are proposed to be listed on both BSE and NSE. SBI Capital Markets Limited, Axis Capital Limited, and JM Financial Limited are the Book Running Lead Managers (BRLMs) to the issue, while MUFG Intime India Pvt. Ltd. is the Registrar.
The IPO will be conducted through the Book Building Process in compliance with SEBI ICDR Regulations. Not more than 50% of the offer will be allocated to Qualified Institutional Buyers (QIBs), with up to 60% of this reserved for Anchor Investors. Not less than 15% will be available for Non-Institutional Investors (NIIs), and not less than 35% will be available for Retail Individual Investors (RIIs). One-third of the NII portion will be allocated to bids between ₹0.20 million and ₹1 million, while two-thirds will go to bids above ₹1 million.
All bidders (except Anchor Investors) must apply through the Application Supported by Blocked Amount (ASBA) mechanism and provide their bank account or UPI ID for payment blocking. Anchor Investors will not participate through the ASBA route.
The Red Herring Prospectus (RHP) and Price Band Advertisement cum Corrigendum are available on the company’s website:
🔗 https://www.canararobeco.com/company/shareholder-corner/offer-documents/
Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.
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